"Dash For Trash" - Finance Investment on the Cheap

[Silverbird]

Reuters/CNBC
In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, in what one analyst referred to as a "dash for trash."
Citigroup, Bank of America, Freddie Mac ] and Fannie Mae have dominated trading recently as each has more than doubled in price from 2009 lows.

http://www.cnbc.com/id/32549609

[Birdeen sez: Ok, this looks like another fool's game to me, the next big thing after playing the Oil game and the Dollar game..now it's the cheap finance stock game.]

 

[Birchtree]

Who owns the available homes in this country: Countrywide Financial and Washington Mutual. And who owns these two companies: Bank of America and Wells Fargo. Buy the banks for the future.

 

[Guest2]

Who owns the available homes in this country: Countrywide Financial and Washington Mutual. And who owns these two companies: Bank of America and Wells Fargo. Buy the banks for the future.

Long term, I couldn't agree more ! Short term, they'll be the first to dive in
any correction. I fear that double dip recession thoughts as well. :worried:

 

[Silverbird]

But a lot of those properties have loans are no longer worth the face value. There appears to be no re-evaluation of what these liabilities are.

 

[Guest2]

But a lot of those properties have loans are no longer worth the face value. There appears to be no re-evaluation of what these liabilities are.

Property Values for all mortgages have taken a sizable hit, but not all to the same extent.
How are they figuring the value of property these days ? Well, I'm thinking that nothing
has changed and they're doing it the old fashion way. That being what ever benefits the
banks and not the consumer.

I might be abit off topic because I'm not too knowledgable about the topic. :embarrest: